Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsJP Morgan bullish on emerging markets

    JP Morgan bullish on emerging markets

    "Reform continues in India & Indonesia. “Our bull case for EM from last month's report may be playing out. We see the asset class as a buy," Adrian Mowat, JP Morgan said.

    April 15, 2015 / 10:14 IST

    Adrian Mowat, JP Morgan said the brokerage was upgrading its end-2015 MSCI Emerging Market target to 1,200 from 1,100.

    “Price momentum combined with bearish positioning is a powerful technical support. A more dovish Fed provides relief to weaker EM currencies, notably real, ruble & Turkish lira,” he added.

    According to him, reform continues in India and Indonesia. “Our bull case for EM from last month's report may be playing out. We see the asset class as a 'Buy',” said Mowat.

    first published: Apr 15, 2015 10:14 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347